SEC Form 4 · accession 0001140361-16-076961
LXP Industrial Trust · LXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard J Rouse
Officer — Vice Chairman and CIO
Period of report
Aug 12, 2016
Accepted (ET)
Aug 16, 2016 · 8:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000910108
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Aug 12, 2016 | M | 36,000 | $6.39 | A | 628,648 | D | |
| Common Shares | Aug 12, 2016 | F | 21,458 | $10.72 | D | 607,190 | D | |
| Common Shares | Aug 12, 2016 | F | 5,375 | $10.72 | D | 601,815 | D | |
| Common Shares | Aug 12, 2016 | M | 90,888 | $7.95 | A | 692,703 | D | |
| Common Shares | Aug 12, 2016 | F | 67,402 | $10.72 | D | 625,301 | D | |
| Common Shares | Aug 12, 2016 | F | 8,682 | $10.72 | D | 616,619 | D | |
| Common SharesF3 | Aug 16, 2016 | S | 25,000 | $10.703 | D | 591,619 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 Non-qualified Share OptionF4 | $6.39 | Aug 12, 2016 | M | 36,000 | A | — | Dec 31, 2019 | Common Shares | 36,000 | 0 | D |
| December 2010 Non-qualified Share OptionF4 | $7.95 | Aug 12, 2016 | M | 90,888 | A | — | Dec 31, 2020 | Common Shares | 90,888 | 0 | D |
Explanation of responses
- F1Payment of option exercise price by withholding securities incident to exercise of options in accordance with Rule 16b-3.
- F2Payment of tax liability by withholding securities incident to exercise of options issued in accordance with Rule 16b-3.
- F3The price reported is an average price. These shares were sold in multiple transactions at prices ranging from $10.68 to $10.75, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4Vested and became exercisable ratably over first five anniversaries of grant date.